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20121210
20121210
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Search Results 0 to 32 of about 33 (some duplicates have been removed)
monti's back and forth on resignation casts uncertainty over italy's economic and political future. >> we begin the show with what has been a day of celebration for the european union. >> the three senior figures representing the eu have been in the norwegian capital, oslo, to collect the nobel peace prize. it was awarded to the 27-member bloc for six decades of promoting peace, democracy, and human rights. >> however, not everyone is happy. some have asked whether the price is justified at that time when the eu is mired in economic and financial -- the prize is justified at that time when the eu is mired in economic and financial crisis. desmond tutu says it is an organization based on military force. >> coveted award was accepted with pride by the eu's 3 president, martin schulz, herman van rompuy, and jose manuel barroso. the standing ovation they received was a rare accolade for the eu in these tough economic times. >> in light of the financial crisis that is affecting so many innocent people, we can see that the political framework in which the union is rooted is more importan
headlines from around the world. political turmoil in italy sending european stocks lower. italian banks leading the way down as mario monte keeps investors guessing in whether he'll run against sylvia berlusconi next year. the unexpected drop signals continued pressure from abroad. and meeting face-to-face, president obama and house speaker john boehner sit down for a one-on-one over the weekend. there are just three weeks left before the u.s. goes over the fiscal cliff. >>> italian shares are down nearly 3% this morning. for the most part, it is bank stocks leading the way down. we're now down about 2.76% on the ftse mib. bank stocks have been hit particularly hard this morning. earlier, we saw shares down 5.6%. we're seeing the same thing, whether it's bmps hitting session lows down nearly 6% comes amid concerns about leadership and economic reform in italy following mario monte's announcement that he'll resign once the budget has been passed. this move is likely to bring the country forward to elections next year. the italian prime minister has offered no clue as to whether or not he
stocks trading in positive territory. the surprise resignation of italy's prime minister offset by a good report on mcdonald's sales. checking the major averages this hour, the dow is up 27 points. the nasdaq is up 14, the s&p up two. italy's prime minister, the man credited with restoring confidence in italy's shaky economy has resigned. italy's stock index dropped 3%. there was a ripple effect in the u.s. and european markets earlier. monty said he can't leave the country after losing the support of sylvio berlusconi's party. apple stock is back around $531 a share after a leading investment firm, jeffreys, cut the future price target by $100. a leading analyst says smart phone saturation may lead to slow growth in the coming years. the new price target is $800 per share as opposed to 900. apple stock is down 25% since the record close above $700 a share in september. and the world's biggest hamburger chain, mcdonald's, saw sales increase 2.4% at restaurants open more than a year. growth was bigger than expected. breakfast items and limited time only cheddar bacon and onion sandwiches b
: italy first. if you start a business and keep it small, up that 10 workers you have some flexibility but number 11 1/2 to have the self assessment outlying every possible health and safety hazard? >> yes. we're not just talking about heavy machinery but how you deal with specific stress with your age, gender, a doctor, the overwhelming majority of italian workers work with 10 or fewer employees. john: number 16 employee you have to have you representatives that is entitled to paid leave? >> eight hours per month. >> if you hire one more he must be disabled? >> number 16 the next one must be disabled or you pay the fine. john: 51st, 7% of payroll must be handicapped. >> 7% mt qualify as disabled. rates of disability are pretty high. john: 101 employees, more rules. spain harefoed the stupid work rules that they no longer have to pay 42 months severance pay now it is just 24 months. that is still two year >> if they turn out badly you will turn up and know them they sow them two years. >> having 350,000 under severance pay but now just 200,000. why hire somebody to pay that much to fir
she will need another seven days of paid vacation. john: italy first. if you start a business and keep it small, up that 10 workers you have some flexibility but number 11 1/2 to have the self assessment outlying every possible health and safety hazard? >> yes. we're not just talking about heavy machinery but how you deal with specific stress with your age, gender, a doctor, the overwhelming majority of italian workers work with 10 or fewer employees. john: number 16 employee you have to have you representatives that is entitled to paid leave? >> eight hours per month. >> if you hire one more he must be disabled? >> number 16 the next one must be disabled or you pay the fine. john: 51st, 7% of payroll must be handicapped. >> 7% must qualify as disabled. rates of disability are pretty high. john: 101 employees, more rules. spain has reformed the stupid work rules that they no longer have to pay 42 months severance pay now it is just 24 months. that is still two years. >> if they turn out badly you will turn up and know them they show them two years. >> having 350,000 under severance pay
. as for the action in europe, really, the action focuses on italy where there's an impending political regime change. more on that in just a moment. the road map starts at the golden arches. mcdonald's blowing out expectations for november sales after the dismal drop in the month of october. hoping to fuel the rise, the bacon/onion/cheddar sandwich. >> there's one thing for certain, taxes on top earners are going up. >> turmoil in italy. berlusconi throws his hat in the ring. retail sales numbers out of china, hoping the economy is in fact on an upswing. >> apple, enthusiasm. jeffreys trimming its price target to 800 from 900, as apple shares do trade lower in the pre-market. we'll start with mcdonald's, posting better than expected november same-store sales, global comps up 2.4. u.s. same-store sales up 2.5, offered by breakfast offerings, including that cheddar/bacon/onion sandwich, as melissa mentioned. jim? people are saying the u.s. maybe is making a turn here. >> i find mcdonald's is levered to new products, levered to menu technology. they do invent things. my hat's off to janet. they had thi
there of in europe. mario monti is stepping down as prime minister of italy. he lost support of the people. he was out in front of italy's debt crisis last year and he lowered the bar in cost. he is a smart guy. he obviously does not want to stay there. investors took heart from the latest data out of china. growth is accelerating. no more that owning our process here. almost 10%. beating analyst estimates. copper moved higher. it is an industrial metal. money flowing into stocks. minors like numa mining. then, of course, the announcement that they would be taking a big acquisition. today, it is up more than a percent. cliff natural of about 5%. we should not forget mcdonald's. better same-store sales than expected. coming up in just a few minutes. cash is king at ethan allen peered the furniture retailer throwing a lot more cash at shareholders. they are announcing a one-time payout this month alone. we will get the inside story from ethan allen chairman and ceo farooq kathwari. you have to hear about his plans for china. international expansion is a huge priority. the chinese may like that p
trips to study abroad in spain, italy, morocco. perhaps most importantly chris knew how to relax and enjoy the moment. when i would periodically freak out about my course work or some o ther problem i thought i had he would make me stop and take a break, play a game of back gammon on the balcony and enjoy the view. it was an early lesson in the zenlike mindfulness of chris. no wonder he exceled in such a challenging and stressful career. i don't want you to think chris was perfect. after extensive research we came up with at least one or two blemishes on his record, sort of. in the interest of time i'm leaving out inappropriate limericks about philosophers. the only time i saw him lose his temper is when we were sharing a double room in the last year. some of the lessen lightened brethren decided to make a bunch of noise during finals week. when yelling at these guys didn't do the trick, chris burst out of bed, ran out onto the balcony, grabbed a water fire extinguisher and let them have it. he seemed much less angry when he came into the room and particularly pleased when the gu
. at a football game, he is looking with all the other men, and it is italy against switzerland. at one time, the italians win. i find it beautiful and emotional at the same time. he betrayed himself through that reaction, and at the same time, it was beautiful, but at the same time, it is sad that you have to change your color or to hide it. that you have to do something like that to deny even your origin. you have to be proud of your urgent and to show it. >> you are giving me a challenge and a challenge -- giving me a challenge and yourself a challenge. what about cult? that is not something to hide behind. it is so out there, and yet, it can be quite important part of your collection. why? >> i have been very marked by the movement. -- what about punk? >> it is not like a creation, absolute. it is part of living in society. of course, the punk movement was very important. like already taken by the society in some ways. i must say that when i was going to london, i loved that. the inspiration, through the air, to everything. at the same time, i was fascinated. because i was not part of th
for a boycott. >> start with italy's silvio berlusconi, the announce that he will make a fresh bid for government and mario monti possibly exit in -- this has the markets very worried. the cost of borrowing for the italian government was 7.5%. it's one of the reasons silvio berlusconi was outed. mario monti came in as the leader of this technocrat government. he had to walk a tightrope. he had to calm the market. he did that. the cost of borrowing came down. the markets and investors look at this uncertainty and they are all over the place. the cost of borrowing is on the way up, and the market has fallen. the main one is down by 3.5%. some of the banks have fallen by six. -- 6%. >> this crisis has always been a crisis of confidence. lately, confidence has improved. markets are doing much better. the ec become a bureau -- the central bank has improved -- the ec beet -- the ecb has improved. we could see up. -- a period of nervousness again. clearly, this is not a good development. >> it is all about the same issue -- austerity and taxes. >> la grande sortie. the exit of their rich
was snorkeling so she needs another 7 days of vacation. >> in italy if you start a business keep it small up to 10 workers you have flexibility. if you hire an 11-th employee you must submit an annual self assessment to the national authorities outlining every public health and safety hazard? >> yes. we are not just talking about how you deal with workers moving heavy machinery. it must also include how to deal with specific stresses related to perhaps your age or gender. it has to include the name of the doctor who informed the assessment and showed howitt tallian workers worked at companies with 10 or fewer. >> if you have a 16th employee you have to have union representatives to fulfill union duties. >> at least 8 hours a month. if>> if you hire one more employee he has to be disabled. >> the next must be disabled in some way or else pay a fine. >> at the 51th employee 7 percent of the payroll must be handicapped in some way. >> by the time you get to 51 employees 7 percent must qualify in some way. rates of disability in europe pretty high. >> if you have 101 plies even more rules. >> le
. the question is what going to become o of the circus known as the political situation in italy but really we do think futures will trade higher again. liz: thank you, john, good to see you. david: shares of diamond foods following double-digit lead. nicole petallides with details as to why. nicole: you think of diamond foods you think of the peanuts and the top-secret popcorn. it really is a household name they came up with numbers in the fourth quarter loss, not good news. that is why the stock was tanking today. all kinds of charges they had according to an accounting scandal investigation, that actually hit their numbers as well. this is why diamond foods was coming under some significant pressure today. back to you. david: president obama visiting a michigan auto plants today discussed in a fiscal crisis. our next guest argues in the long run they could see strong auto sales if ther there's no d% all. joining us now, edmunds.com chief economist. good to see you. how would we be better off if we go for the fiscal cliff at least in auto sales? @> we're better off because we're taking hard med
the road, which is rich coming from a european. >>> european trading the lower this morning. italy's prime minister mario monti, yes, the same one that is famous from all the anti-trust things back in the -- was that the '90s? >> the '90s, yeah. >> monti announcing he'll step down before his term ends. the decision comes after the party of sylvia berlusconi withdrew support for monti's government last week. berlusconi has indicated he will run for leadership again. cnbc's carolin roth will join us from italy with the latest in a few minutes. when i was over there, i had to have the -- all the political signs translated because there's a picture of monti sitting under a beach chair drinking a drink and all the text was send monti to the beach. they already didn't like him. >> he had very high disapproval ratings. i remember last summer i had seen that somewhere. >> they want to send him to the beach. the major european averages at this hour, there they, they're all down. not great in france, but germany down about .7% and the ftse down fractionally. other news out of europe, debt tieback fo
because spending cuts are not working out for italy's government. prime minister mario monti announced he would resign after losing support over his austerity moves. a return of political instability there reminds us that europe still faces a lot of hurdles before it comes out of its economic crisis. countries like greece, spain and italy have been tackling their problems with sharp cuts in spending and higher taxes and that's been fueling recession and unrest. meanwhile, we now know that japan officially slipped into its own recession over the summer with the japanese economy contracting 3.5% between july and september. now, the previous quarter, the previous three months number was also revised lower and that makes for two consecutive quarters of negative growth and that's the classic definition of a recession. from asia, back to america, literally, a group of chinese investors agreed today to buy an 80% stake in aig's aircraft leasing business. back in 2008, the insurance giant was bailed out by the u.s. government to the tune of $180 billion. four years on, still paying back the money
of headwind from overseas, political shakeup in italy and sharply slowing down chinese export growth, keeping u.s. traders on edge not to mention the vagaries of the fiscal cliff. markets move with progress or lack of progress as the case may be. the congressional budget office says we could be back in recession the first half of next year if a deal is not reached. those are things they're watching. >> mandy drury at the new york stock exchange, thanks. >>> someone sign this kid up. this is christian balkner, giving the tampa bay buccaneers cheerleaders a run for their money. check him out. ♪ >> he is good. they call christian little steer, named after the mascot captain steer. in case you're wondering, yes, he can definitely teach you how to dougie. he is good. >> who are you talking about? oh, there was a little boy there also? >> nice, matt. >> when you said check this out, these guys -- >> in about eight years, that kid will be not be -- >> turning around a lot. >> al roker has your forecast. al? >> thank you so much. we've been talking about this system. first of all, it dumped a ton o
and down morning here so far, investigators responding to political uncertainties in italy now the worry is leadership change would disrupt efforts to curb debt, that is a sensitive issue here with the fiscal cliff possibly approaching. tomorrow we did have the start of a two-day fed meeting, expected to possibly look at more economic stimulus. market diet, dow and nasdaq positive, s&p lower only by a -- fraction. bloomberg trading up a of a percent. skinny suits may be turning fat profits, jobs picture improves, retailers generating 25 to 30% of its business from the suits. if you are expecting a holiday gift from your employer don't get your hopes up. advertising specialty institute says the average gift will be worth about $42. gift cards and cash are most popular. live at the tphaepblg, i'm jane king. -- >>> nobody is getting that starbucks card $400 card. >>> good morning. here's a look at live doppler, keep the umbrella away you need sunglasses maybe short sleeves during the afternoon, temperatures near records in a few areas, still concerns, fairfield and santa rosa 3/4 mile visib
italy rattled markets. mario monte announced his decision to resign at the end of the year and let's head to wall street where we are seeing the markets being a little bit, turned the positive territory, not too much down or too high but we're up 15 on the dow, nasdaq up by 4 points. president obama and john boehner met to try to prevent the fiscal cliff, due to kick in on january 1st. the main sticking points remain raising taxings on the wealthy and cuts to entitlement programs like medicare. they are accepting that wealthy americans will get a tax hike. they have asked congress to work through the hold daybreak. >>> the federal reserve is expected to announce an expansion of the stimulus program this week. experts predict the fed will extend the program of buying $85 billion of securities each month into the new year the announcement is expected tomorrow or wednesday. >>> and a new service shows pay for college presidents continues its up ward climb. the chronicle of higher education studied data from 2010 and the median compensation rose about $400,000. that's up nearly 3%. for
the message, and this programs of sistema happens in los angeles, in scotland, in sweden, in korea, in italy, in germany, not only los angeles in the states but it is happening in a lot of programs inspired by sistema, it is only to help that, you know, to develop the idea of music as a human right. >> rose: yes. >> it is a -- well, like this guy is talking about something really crazy. but i think art has to be an element of society, to be better citizens, to be a better human beings, we are not talking about something new. wwe can go back, you know, in times, you know, when art was an element, an essential element of the men. and that is something that we need in this -- >> rose: it speaks to who we are and what we want to become. >> exactly. especially in in very cultivated world where -- >> rose: yeah. >> where we have to build something better, something more sensible for -- >> rose: when you accepted the job at the la philharmonic, why there? >> one of my first commitments was at los angeles, after i won the competition,. i remember invited me. >> rose: the then conductor. >> exactly.
on wall street. but investors were cautioning. and italy's prime minister, mario monty, resigned. wall street is expecting the worst bonus season since the financial crisis of 2008. the average bonus will decline 16 1/2% from last year, to just over $100,000. and about one in five wall street workers won't get a bonus at all, as banks and investment firms continue to struggle in a tough economy. sales at mcdonald's rose in november, as u.s. brought more breakfast items and its new cheddar bacon onion sandwiches. drivers are getting some relief at the gas pump. according to the lundberg survey, a gallon of regular unleaded costs average. $3.46 nationwide. and retailers are acquiring holiday help in record numbers. retailers a added, 465,500 seasonal workers in november as they wrap up for the holidays. that's barely surpasses a previous record set in 2005, just before the financial crisis. that's your money watch. for more, head to cbs money watch.com. >>> a bald eagle is going to be okay, thanks to the quick thinking of two fort myers resident
politics going on. for example, italy. though there is a question of politics going on here, i guess. if we look at other issues, the euro currency has been up a little bit today. there are questions about the dollar index with the fed meeting. if you look at corporate barclays and both continues to super well behaved. not only are we looking for tax avoidance, we being businesses and corporations, but individuals looking for better yields than 1.614 i see on the current ten-year. tyler, back to you. >> rick, thank you very much. >>> one aspect of the fiscal cliff debate that hasn't been hardly noticed is the estate tax. how much gets taxed when the move is moved from one generation it the next? >> death and taxes may be certain, but the death tax as its called is in limbo. the reason, well, the fiscal cliff. the current rate is 35%. only those estates worth 5 million or more have to file. if we go off the cliff the rate shoots up to 55%. anyone worth an estate worth $1 million or more has it file. that will catch tens of thousands of tax payers in the net of the estate tax. republicans wan
a cautious approach with the economy and looming fiscal cliff and the surprise announcement that italy's prime minister is going to resign. that's putting stress on europe's efforts to get control of the its crisis. >>> there are new and serious problems with apple maps on the iphone. police in mildora, australia say they've been having to rescue people because apple maps say it is located in a national park 40 miles away. some drivers have been stranded in the park without food or water while looking for mildura. others have had to walk through temperatures of 150 degrees. apple has promised to fix the app. >>> this big rig fire -- the big rick burst into flames early this morning -- big rig burst into flames early this morning. it happened in san leandro after the truck ran into power lines. two people were in the truck, they escaped safely, thanks to the quick thicking of the driver who happened to have been a volunteer firefighter. >>> a man and woman were found bound and gagged in a san francisco street. that man has since died. the two were tied -- found tied up on mansel street
is justified. there are some critics that are angry about how the eu handle the crisis. italy markets plunged at news that the italian prime minister plans to step down later this month. he's going to wait until the national budget is passed, but investors are concerned about how it might affect the country's high levels of the debt. it means the former prime minister that led office after corruption allegations could make a comeback. >>> i want to get a look at stocks right here, how they are doing. up 33 points. looking at the dow jones, pretty good read so far. tdd#: 1-800-345-2550 when i'm trading, i'm so into it, tdd#: 1-800-345-2550 hours can go by before i realize tdd#: 1-800-345-2550 that i haven't even looked away from my screen. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 that kind of focus... tdd#: 1-800-345-2550 that's what i have when i trade. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 ...helps me keep an eye on what's really important to me. tdd#: 1-800-345-2550 it's packed with tools that help me
. japan is technically in a recession. you have more uncertainty in italy. one of the important countries. and also you have this concern happening in japan. we have this week, ben bernanke and the fed will meet at a two-day fed meeting. a lot of people are hoping to hear from the federal reserve chief that there will be some kind of on going stimulus in the form of, you know, bond buybacks or something. we'll be looking to see what he has to say about the economy. this is another big uncertainty in the markets for the week. you know, this comes after consumer spending showing as "the wall street journal" set this morning, consumer spending, consumer confidence wabbling. this is europe concerns. we're seeing that consumer heading into the end of the year is starting to get a little more nervous about where we're headed here. now fiscal cliffs and payroll, fiscal cliff has a lot to do with this. the american payroll association this is the trade group for all of the small business who's are doing payrolls, you know, paying you. they say the fiscal cliff really isn't january 1st. their fisc
Search Results 0 to 32 of about 33 (some duplicates have been removed)